Curve Ball

For just the second time
in the last 30 calendar
years, short-term 2-year
Treasury yields increased
while longer-term
10- and 30-year
Treasury yields fell.

One factor from 2014
that remains in place at
the start of 2015 is the
lure of Treasury yields
on a global basis.

Although bonds may
continue to be supported
by lower oil prices and
European growth fears,
we believe U.S.
economic growth and
the start of Fed rate
hikes will translate to
a lower-return
environment than
investors experienced
in 2014.

Though our fixed insurance agents are licensed in all 50 states, our LPL Financial registered representatives associated with this Web site may only discuss and/or transact securities business with residents in the states in which they are licensed. Jon Dewar, the LPL Branch Manager is licensed in the following states: Arkansas, California, Florida, Indiana, Iowa, Massachusetts, Missouri, New Hampshire, North Carolina, Ohio, South Carolina, and Virginia .